Andy Verity
Media playback is unsupported on your device

Debt or deficit?

Economics correspondent Andy Verity takes a regular look at some of the more confusing phrases bandied around in finance and economics.

This time he's explaining the difference between deficit and debt. But there's a catch: he has to do it in as short a time as possible.

  • 08 Mar 2016
Go to next video: Ask Andy: What is a coco bond?